Fed expands trading restrictions on policymakers to cover crypto, other assets

The Federal Reserve on Friday codified a set of new rules that restrict some of the nation’s most powerful economic policymakers from actively trading stocks and other securities.

Senior officials at the central bank will not be allowed to purchase individual stocks or sector funds, and will be prohibited from holding individual bonds. The rules were expanded to cover cryptocurrencies, commodities, foreign currencies, derivatives contracts, short sales, and purchases on margin.

Federal…


Source link

About search

Check Also

Don't forget the tragedy at the heart of this year's PGA Championship – Yahoo Sports

Don't forget the tragedy at the heart of this year's PGA Championship – Yahoo Sports

[unable to retrieve full-text content]Don’t forget the tragedy at the heart of this year’s PGA …

Leave a Reply

Your email address will not be published. Required fields are marked *